Element Fleet Management Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	1,595	1,534	1,344	1,076	968.77	919.78
Other Revenue	664.65	671.47	567.25	372.46	344.94	469.58
Revenue	2,259	2,205	1,912	1,448	1,314	1,389
Revenue Growth (YoY)	3.97%	15.34%	32.02%	10.23%	-5.45%	-10.71%
Cost of Revenue	342.37	338.73	304.79	274.06	278.49	271
Gross Profit	1,917	1,866	1,607	1,174	1,035	1,118
Selling, General & Admin	141.07	128.9	110.77	92.25	82.5	91.3
Amortization of Goodwill & Intangibles	31.28	28.73	27.91	26.95	27.9	30.05
Operating Expenses	825.78	783.93	710.03	561.05	525.19	518.45
Operating Income	1,091	1,082	896.92	612.94	510.03	599.9
Interest Expense	-531.37	-554.84	-433.81	-204.42	-155.24	-268.77
EBT Excluding Unusual Items	559.97	527.54	463.11	408.52	354.79	331.13
Merger & Restructuring Charges	-2	-13.4	-13.67	-	-	-60.83
Gain (Loss) on Sale of Investments	3.05	-0.59	-0.49	-2.48	6.87	1.96
Gain (Loss) on Sale of Assets	-	-	-	-	-	-41.16
Other Unusual Items	-	-	-	-	-	30.28
Pretax Income	561.01	513.56	448.95	406.05	361.66	261.38
Income Tax Expense	129.11	126.42	103.35	103.38	80.34	36.07
Earnings From Continuing Operations	431.91	387.14	345.6	302.67	281.32	225.31
Net Income	431.91	387.14	345.6	302.67	281.32	225.31
Preferred Dividends & Other Adjustments	-	7.22	17.63	20.74	25.61	32.04
Net Income to Common	431.91	379.92	327.97	281.93	255.71	193.28
Net Income Growth	14.67%	12.02%	14.18%	7.59%	24.86%	199.11%
Shares Outstanding (Basic)	403	397	390	397	423	439
Shares Outstanding (Diluted)	403	404	405	413	439	454
Shares Change (YoY)	-0.21%	-0.27%	-1.96%	-5.95%	-3.15%	4.19%
EPS (Basic)	1.07	0.96	0.84	0.71	0.60	0.44
EPS (Diluted)	1.07	0.95	0.82	0.69	0.59	0.44
EPS Growth	16.88%	15.18%	18.42%	16.86%	35.47%	364.51%
Free Cash Flow	-320.05	-120.82	-987.58	166.81	1,980	2,174
Free Cash Flow Per Share	-0.79	-0.30	-2.44	0.40	4.51	4.79
Dividend Per Share	0.354	0.341	0.318	0.246	0.216	0.158
Dividend Growth	-2.39%	7.08%	29.45%	13.88%	36.76%	14.30%
Gross Margin	84.85%	84.64%	84.06%	81.07%	78.80%	80.50%
Operating Margin	48.30%	49.09%	46.92%	42.33%	38.82%	43.18%
Profit Margin	19.11%	17.23%	17.16%	19.47%	19.46%	13.91%
Free Cash Flow Margin	-14.16%	-5.48%	-51.66%	11.52%	150.74%	156.47%
EBITDA	1,155	1,115	927.94	642.83	544.35	636.79
EBITDA Margin	51.10%	50.57%	48.54%	44.39%	41.44%	45.83%
D&A For EBITDA	63.34	32.68	31.02	29.88	34.32	36.89
EBIT	1,091	1,082	896.92	612.94	510.03	599.9
EBIT Margin	48.30%	49.09%	46.92%	42.33%	38.82%	43.18%
Effective Tax Rate	23.01%	24.62%	23.02%	25.46%	22.21%	13.80%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.